530
530
Sep 27, 2009
09/09
by
WRC
tv
eye 530
favorite 0
quote 0
chris: it's the deficit. >> because the deficit is going to hit those other issues. >> inflation. chris: thanks for a great roundtable. trish regan, richard stengel, kathleen parker and andrew ross sorkin. that's the show. thanks nor watching. -- for watching. see you here next week.
chris: it's the deficit. >> because the deficit is going to hit those other issues. >> inflation. chris: thanks for a great roundtable. trish regan, richard stengel, kathleen parker and andrew ross sorkin. that's the show. thanks nor watching. -- for watching. see you here next week.
242
242
tv
eye 242
favorite 0
quote 0
unless the deficit is reduced? >> certainly there can be sustained growth. we can start laying a foundation for sustained growth in the next couple of years by making sure that there is an adequate level of demand in the economy. for the medium term, the way in which we need to make sure that that growth is stable is to do something about the deficit. but the way you do something about the deficit, david, is you go and you look at the large sections of the federal budget. you look at health -- you look at health care, as i talked about. you look at entitlements. you look at the presence of substantial loopholes that, for example, enable some companies to hide income overseas and not pay taxes on it to the united states and actually get an economic incentive to move some of their production abroad. you look at those kinds of fundamental issues. and that's what we already started doing with great emphasis in health care. that's why, as we move towards the president's 2011 budget, we're going to be doing, you know, in
unless the deficit is reduced? >> certainly there can be sustained growth. we can start laying a foundation for sustained growth in the next couple of years by making sure that there is an adequate level of demand in the economy. for the medium term, the way in which we need to make sure that that growth is stable is to do something about the deficit. but the way you do something about the deficit, david, is you go and you look at the large sections of the federal budget. you look at...
140
140
May 30, 2011
05/11
by
WRC
tv
eye 140
favorite 0
quote 0
i think harold's right, if obama moves right on deficit reduction, real deficit reduction, i'm a reasonable version of what republicans want, he'll be tough to beat, but i don't see a medicare deal happening right now because republicans need to play the politics. they've played policy. now they need to play politics because that's all the democrats are doing. so, i think it's going to be -- you know, we've launched a missile on the deficit, and it's either going to hit the deficit or it's going to hit grandma's house, you know? we've got to explain that this is real deficit reduction that's going to save medicare. >> all right. we will leave it there. thank you all very much. that is all for today. we're going to be away next sunday during nbc sports coverage of the french open, but we will return the following week. if it's sunday, it's "meet the press." and we leave you this memorial day weekend and we honor and remember all of the men and women who have given their lives in service to this few years, up to 1 million new teachers will be needed as baby boomers retire. who's up for the jo
i think harold's right, if obama moves right on deficit reduction, real deficit reduction, i'm a reasonable version of what republicans want, he'll be tough to beat, but i don't see a medicare deal happening right now because republicans need to play the politics. they've played policy. now they need to play politics because that's all the democrats are doing. so, i think it's going to be -- you know, we've launched a missile on the deficit, and it's either going to hit the deficit or it's...
87
87
Jul 17, 2011
07/11
by
WRC
tv
eye 87
favorite 0
quote 0
they all piled on to the deficit. don't fix the deficit on the backs of the most vulnerable americans. >> david cote, what about corporations and taxes? we hear about the need to lower tax rates, but then you have companies that aren't paying taxes at all. >> well, if you wanted the most dynamic jobs-creating economy in the world, you would have a 0% corporate tax rate. however, nobody can stand that, because in our pursuit of fairness, we actually hurt the very people we're trying to be fair to. so, if we say, all right, what we need to do is, in the pursuit of fairness, attach some kind of tax rate, you should make it the most simple, easy-to-do thing possible, and that's why i think the simpson/bowles commission, i think we got it right, as we said take it away for everybody. all the exclusions, all the exemptions, take it away for everybody so you broaden the base and significantly lower the rates. >> yes. >> you can get an increase in taxes and everybody's going to be happy, and corporations will also get territo
they all piled on to the deficit. don't fix the deficit on the backs of the most vulnerable americans. >> david cote, what about corporations and taxes? we hear about the need to lower tax rates, but then you have companies that aren't paying taxes at all. >> well, if you wanted the most dynamic jobs-creating economy in the world, you would have a 0% corporate tax rate. however, nobody can stand that, because in our pursuit of fairness, we actually hurt the very people we're trying...
85
85
Feb 15, 2011
02/11
by
WRC
tv
eye 85
favorite 0
quote 0
well if you're serious about the deficit, not just spending but serious about the deficit over all, part of what you have to look at is unjustifiable spending through the tax code. through tax breaks that do not make us more competitive, do not create jobs here in the united states of america. and two examples you cite, most economists would look at and they'd say, these are contributing to our long-term economic growth. and if they're not, why are we letting some folks pay lower taxes than other folks who are creating jobs here in the united states and are investing? why are we not investing in the energy sources of the future, justify the ones in the past, particularly energy sources of the past are highly profitable now and don't need a tax break. i think what may have changed is if we are going to get serious about deficit reduction and debt reduction, then we've got to look at all of the sources of deficit and debt. we can't be, you know, trying to pick and choose in getting 100% of our way. the same is true, by the way, for democrats. i mean, there's some -- there's some provisions
well if you're serious about the deficit, not just spending but serious about the deficit over all, part of what you have to look at is unjustifiable spending through the tax code. through tax breaks that do not make us more competitive, do not create jobs here in the united states of america. and two examples you cite, most economists would look at and they'd say, these are contributing to our long-term economic growth. and if they're not, why are we letting some folks pay lower taxes than...
118
118
Jul 11, 2011
07/11
by
WRC
tv
eye 118
favorite 0
quote 0
talking about taxes, federal deficit, and medicare, social security. our chief white house correspondent and political director chuck todd standing by in the white house briefing room where we are expecting the president behind him in a moment. chuck, what blew up these talks? >> well, by saturday they blew up and john boehner pulled out of the big deal. the reason he had to pull out of the big deal, his own house republicans were not supportive of any idea putting taxes on the table. particularly in the amount of money john boehner was suggesting. last night's meeting here at the white house between all the congressional leaders and the president was tense and it was cordial. what happened after the meeting, decision was made that republicans would come back with what they believe is a plan that could pass a house senate -- smaller plan and as far as the white house is concerned, they want the president to use this press conference to at least outline what he believes his big plan ought to be which includes potentially cuts in social security as well
talking about taxes, federal deficit, and medicare, social security. our chief white house correspondent and political director chuck todd standing by in the white house briefing room where we are expecting the president behind him in a moment. chuck, what blew up these talks? >> well, by saturday they blew up and john boehner pulled out of the big deal. the reason he had to pull out of the big deal, his own house republicans were not supportive of any idea putting taxes on the table....
77
77
Apr 10, 2011
04/11
by
WRC
tv
eye 77
favorite 0
quote 0
but in that process, we should be able to reduce the deficit. so, we should not be playing brinksmanship with a full faith and credit of the united states of america. so, of course we're going to do that, but what we need to do at the same time, in the months ahead, is we've got to decide -- and it's going to be a tough fight -- how are we going to reduce the deficit, get ao a more sustainable fiscal trajectory, but that doesn't cost the economy or grow jobs. >> laying out the deficit count, that's new this morning, and i want to break that down a bit. back in november of last year, the president set up a debt commission, and he said a lot of things to the american people, including this -- >> i set up this commission precisely because i'm prepared to make some tough decisions. i can't make them alone. i'm going to need congress to work with me. if we are concerned about debt and deficits, then we're going to have to take actions that are difficu difficult, and we're going to have to tell the truth to the american people. >> he said that, and ye
but in that process, we should be able to reduce the deficit. so, we should not be playing brinksmanship with a full faith and credit of the united states of america. so, of course we're going to do that, but what we need to do at the same time, in the months ahead, is we've got to decide -- and it's going to be a tough fight -- how are we going to reduce the deficit, get ao a more sustainable fiscal trajectory, but that doesn't cost the economy or grow jobs. >> laying out the deficit...
182
182
tv
eye 182
favorite 0
quote 0
no tax cut that adds to the deficit. but i do want to reduce the burden being paid by middle-income americans. and to do that that also means i cannot reduce the burden paid by high-income americans. so any language to the contrary is simply not accurate. >> mr. president? >> well, i think what -- let's talk about taxes because i think it's instructive. now, four years ago when i stood on this stage i said that i would cut taxes for middle-class families. and that's exactly what i did. we cut taxes for middle-class families by about $3,600. and the reason is because i believe that we do best when the middle class is doing well. and by giving them those tax cuts they had a little more money in their pocket. so maybe they can buy a new car. they are certainly in a better position to weather the extraordinary recession we went through. maybe they can buy a computer for their kid who's going off to college. which means they're spending more money, businesses have more customers, businesses make more profits, and then hire mo
no tax cut that adds to the deficit. but i do want to reduce the burden being paid by middle-income americans. and to do that that also means i cannot reduce the burden paid by high-income americans. so any language to the contrary is simply not accurate. >> mr. president? >> well, i think what -- let's talk about taxes because i think it's instructive. now, four years ago when i stood on this stage i said that i would cut taxes for middle-class families. and that's exactly what i...
54
54
Feb 21, 2011
02/11
by
WRC
tv
eye 54
favorite 0
quote 0
social security does not add one penny to the deficit. social security untouched will make every promised payment for more than a years. the deficit commission was given a charge. add 75 more years of solvency to social security. it came up with an approach. i think, frankly, another commission came up with a better approach. we need to move on social security but let's put it on a track that runs parallel but separate to deficit reduction. the social security program as it is currently put together does not have any impact on the deficit. >> senator graham, few people believe there's none at arithmetic problem with social security. >> when i was 21 and 22 my parents died. i had a 13-year-old sister. i was in college in law school. if it weren't for survivor benefits coming to my sister from my parents' contribution we would have a hard time make it. today i'm 55. i have no kids. we're paying more in benefits than we're collecting in taxes in about five years. in 2037 maybe even sooner you have to cut benefits by a third or across the tab
social security does not add one penny to the deficit. social security untouched will make every promised payment for more than a years. the deficit commission was given a charge. add 75 more years of solvency to social security. it came up with an approach. i think, frankly, another commission came up with a better approach. we need to move on social security but let's put it on a track that runs parallel but separate to deficit reduction. the social security program as it is currently put...
199
199
Apr 14, 2011
04/11
by
WRC
tv
eye 199
favorite 0
quote 0
today we begin with digging out of the deficit. president obama laid out his blueprint yesterday for how to get out of the nation's debt. republicans say the plan doesn't work for them. steve handelsman reports. >> reporter: under fire from critics who claim he's failed to lead, president obama laid out his new plan to blood up our red ink. >> we have to live within our means. we have to reduce our deficit and we have to get back on a path that will allow us to pay down our debt. >> reporter: the obama goal is to wipe out $4 trillion of deficit in 12 years, debt declining as a percentage of the economy in 2015. with a fail-safe clause to force spending cuts if that target is not hit. and for every $ in spending cuts, $1 in tax hikes. focused on the top brackets, plus mortgage and charitable deductions. >> we cannot afford $1 trillion worth of tax cuts for every millionaire and billionaire in our society. we can't afford it. and i refuse to renew them again. >> reporter: republicans said no way. >> raising taxes is not what we need
today we begin with digging out of the deficit. president obama laid out his blueprint yesterday for how to get out of the nation's debt. republicans say the plan doesn't work for them. steve handelsman reports. >> reporter: under fire from critics who claim he's failed to lead, president obama laid out his new plan to blood up our red ink. >> we have to live within our means. we have to reduce our deficit and we have to get back on a path that will allow us to pay down our debt....
70
70
Dec 31, 2012
12/12
by
WRC
tv
eye 70
favorite 0
quote 0
part of that is deficit reduction. part of it is also making sure that we're investing for example in rebuilding our infrastructure. which is broken. and if we are putting people back to work rebuilding our roads, our bridges, our schools -- in part paying for it by some of these broader long-term deficit reduction measures that need to take place, that will grow the economy at the same time as we're also setting our path for long-term fiscal stability. number three, we've got a huge opportunity around energy. we are producing more energy and america can become an energy exporter. how do we do that in a way that also deals with some of the environmental challenges that we have at the same time. so that's going to be a third thing. but the most immediate thing i've got to do, starting on january 1st, if congress doesn't act before the end of the year, is make sure that taxes are not going up on middle class families. and because it is going to be very hard for the economy to sustain its current growth trends if suddenly
part of that is deficit reduction. part of it is also making sure that we're investing for example in rebuilding our infrastructure. which is broken. and if we are putting people back to work rebuilding our roads, our bridges, our schools -- in part paying for it by some of these broader long-term deficit reduction measures that need to take place, that will grow the economy at the same time as we're also setting our path for long-term fiscal stability. number three, we've got a huge...
139
139
Jul 17, 2011
07/11
by
WRC
tv
eye 139
favorite 0
quote 0
can he or she carry the burden of rejecting big deficit reduction? what about obama, if there's no debt deal, will he have to defend the liberal label next year? the knives are out. should john boehner expect a full-blown mutiny. is eric cantor the number two house republican leading the tea party against their own speaker? finally, family business. michele bachmann's number one in iowa but her family business about become her number one problem. it works to confer gays to straights. will that strike voters as sensible? will it sell on the stump, even among conservatives? hi, i'm chris matthews. welcome to the show. with us today, "new york" magazine john heilemann, cnn's gloria borger, nbc's kelly o'donnell and "time" magazine's joe klein. first up, narrative has been about trying for a big debt reduction deal this year but the political consequences for barack obama and g.o.p. nominee next year are the real story here. if there's no grand deal what are the 2012 consequences? for the president, there are some 2012 upsides perhaps even without a big
can he or she carry the burden of rejecting big deficit reduction? what about obama, if there's no debt deal, will he have to defend the liberal label next year? the knives are out. should john boehner expect a full-blown mutiny. is eric cantor the number two house republican leading the tea party against their own speaker? finally, family business. michele bachmann's number one in iowa but her family business about become her number one problem. it works to confer gays to straights. will that...
204
204
Nov 21, 2011
11/11
by
WRC
tv
eye 204
favorite 0
quote 0
nation's deficit. they are split between republicans and democrats and they deadlocked over raising taxes and cutting entitlements. each side spent the day blaming the other. the bipartisan co-chairs released a statement saying they hope congress can build on the panel's work. failure to reach an agreement is going to trigger automatic spending cut that is go into effect january of 2013. lawmakers are trying to find a way around that rule. >>> gloomy. foggy out there. not going to get nicer before thanksgiving, but thanksgiving is looking good. >> doug kammerer is live with the latest. oh, it's murky out there. >> it really is. a little on the gloomy side this monday. the temperatures have been on the mild side. if you bring temperatures down 10 degrees, then you are talking a nasty day. today, the cloud cover and fog and temperatures average during the afternoon. down to 53 degrees, cooling off a little bit with the wind at 12 miles per hour. current temperatures 47 in martinsburg, 47 in hagerstown an
nation's deficit. they are split between republicans and democrats and they deadlocked over raising taxes and cutting entitlements. each side spent the day blaming the other. the bipartisan co-chairs released a statement saying they hope congress can build on the panel's work. failure to reach an agreement is going to trigger automatic spending cut that is go into effect january of 2013. lawmakers are trying to find a way around that rule. >>> gloomy. foggy out there. not going to get...
348
348
Nov 20, 2011
11/11
by
WRC
tv
eye 348
favorite 0
quote 0
so, in the name of lowering the deficit, you want to extend those tax cuts, which increases the deficit, and would not be offset by the tax increase that you were talking about. >> how did the super committee get created in the first place here? when the president asked us to increase the debt ceiling, we said we're not going to do it unless we can reduce the cost of government. and so we reduced the discretionary side of the budget by over $900 billion. and then the committee was created to come up with the other $1.2 or $1.5 trillion. supposedly on the mandatory side. this is where two-thirds of our spending occurs. on everything from medicare and medicaid to food stamps and ag subsidies and the like. and we focused on that. and our democratic friends were never willing to do the entitlement reforms that would have reduced the costs -- >> senator you haven't answered my question. >> i'm getting to the point. this was not about extending the bush tax cuts. it was about trying to do entitlement reform on the mandatory side of the budget. when our democratic friends made it very clear th
so, in the name of lowering the deficit, you want to extend those tax cuts, which increases the deficit, and would not be offset by the tax increase that you were talking about. >> how did the super committee get created in the first place here? when the president asked us to increase the debt ceiling, we said we're not going to do it unless we can reduce the cost of government. and so we reduced the discretionary side of the budget by over $900 billion. and then the committee was created...
104
104
Jul 24, 2011
07/11
by
WRC
tv
eye 104
favorite 0
quote 0
so, we could see serious deficit reform. senator coburn comes on next, the gang of six worked at it. they've got an outline. there's plenty parts -- >> help me understand the timing. you're saying you want a vote that says the debt ceiling is raised until 2013. there could be this super commission that takes on the hard stuff. >> right, right. >> and when does it have to vote up or down, by when? >> if the super committee doesn't produce something that the congress approves, and my understanding is this is speaker boehner's plan -- if they don't produce something in early -- at the end of -- pardon me, at the end of '11 or '12, then there's action that must take place. senator mcconnell has a plan where the president would come to the congress, give his list of cuts, they could vote approval or disapproval on that proposal in order to get the extension of the debt ceiling, but it would not be this sword being held over the american people's heads once again. >> but why should the american people have any more confidence in t
so, we could see serious deficit reform. senator coburn comes on next, the gang of six worked at it. they've got an outline. there's plenty parts -- >> help me understand the timing. you're saying you want a vote that says the debt ceiling is raised until 2013. there could be this super commission that takes on the hard stuff. >> right, right. >> and when does it have to vote up or down, by when? >> if the super committee doesn't produce something that the congress...
237
237
Aug 16, 2009
08/09
by
WRC
tv
eye 237
favorite 0
quote 0
the deficit. but not in the near term. in the near term, it is stay the course time. doesn't he do what reagan said, patience, we'll get there. >> he wants to blame the bush administration for the problems. while some of these problems h did inherit, the fact is the end of the free fall for the moment is as a result of policies bush did put into place, such as tarp. so obama has failed to i think -- clearly articulate to the public exactly what they have to do and how they have to respond and how it affects them directly. it is too abstract. you cannot hear these big dollar figures over and over again, these deficits, the debt. it is overwhelming. americans are scared to death and he's yet to step forward and do what reagan did and give them confidence in him as a leader who can pull them through. >> reagan had a break. he came in after a long period of stagnation. the problem obama faces, we have a pretty recent memory of good fimes. last year, 5% unemployment. isn't that a problem? >> i think it
the deficit. but not in the near term. in the near term, it is stay the course time. doesn't he do what reagan said, patience, we'll get there. >> he wants to blame the bush administration for the problems. while some of these problems h did inherit, the fact is the end of the free fall for the moment is as a result of policies bush did put into place, such as tarp. so obama has failed to i think -- clearly articulate to the public exactly what they have to do and how they have to respond...
84
84
Apr 17, 2011
04/11
by
WRC
tv
eye 84
favorite 0
quote 0
>> i'm really serious about a plan that claims to reduce the deficit by spending $1 trillion on tax cuts for millionaires and trillion yarz. >> what we heard today was not leadership from our commander in chief. what we heard today was a political broadside from our campaigner in chief. >> the budget war, rising gas prices, the looming debt ceiling deadline and the jobs outlook, all topics for our lead newsmaker guest this morning, the president's point man on the economy, treasury secretary tim geithner. then, what's realistic? our "political roundtable" weighs in on who has the more serious plan to tackle the deficit and whether there is the political will to solve the toughest problems, like medicare and our tax system, without another threat to shut down the government. plus, mitt romney inches closer to jumping into the race. >> it's time we put america back on a course of greatness, with a growing economy, good jobs and fiscal discipline in washington. >> if he's seen by many as the gop front-runner, why is donald trump doing so well in the polls? with us, former chairman of the fe
>> i'm really serious about a plan that claims to reduce the deficit by spending $1 trillion on tax cuts for millionaires and trillion yarz. >> what we heard today was not leadership from our commander in chief. what we heard today was a political broadside from our campaigner in chief. >> the budget war, rising gas prices, the looming debt ceiling deadline and the jobs outlook, all topics for our lead newsmaker guest this morning, the president's point man on the economy,...
144
144
Jul 15, 2011
07/11
by
WRC
tv
eye 144
favorite 0
quote 0
you said that reducing the deficit will require shared sacrifice. we know we have an idea of the taxes that you would like to see raised on corporations and on americans in the top two tax brackets. but we don't yet know what you are specifically willing to do when it comes to entitlement spending. in the interest of transparency, leadership and also showing the american people that you have been negotiating in good faith, can you tell us one structural reform that you're willing to make to one of these entitlement programs that would have a major impact on the deficit? would you be willing to raise the retirement age? >> we said that we're willing to look at all those approaches. i laid out some criteria in terms of what would be accepted. for example, i said very clearly that we should make sure that current beneficiaries, as much as possible, are not affected. but we should look at what can we do in the years so that over time some of these programs are more sustainable. i've said that means testing on medicare, meaning people like myself, you kn
you said that reducing the deficit will require shared sacrifice. we know we have an idea of the taxes that you would like to see raised on corporations and on americans in the top two tax brackets. but we don't yet know what you are specifically willing to do when it comes to entitlement spending. in the interest of transparency, leadership and also showing the american people that you have been negotiating in good faith, can you tell us one structural reform that you're willing to make to one...
100
100
Dec 13, 2009
12/09
by
WRC
tv
eye 100
favorite 0
quote 0
huge jobs deficit and one that was growing, and a huge budget deficit and one that was growing. what he said is we absolutely have to attack both of those. on the jobs side, everybody knows you're never going to get your budget deficit under control if you don't get the economy growing again. that's why what he's talking about is not just government trying to get people working, it's the government helping to jump start the private sector. we know that's what has got to happen. on the fiscal side we know that the actions that we take are likely to be more effective if people have confidence that we will get that long run budget deficit under control. and that is what the president is committed to doing, i got to tell you he has shown that commitment in the debate on the floor of the senate on health care. he has been the most passionate advocate for cost containment. that is a crucial step we can take right now to get the budget deficit under control in the long run. >> is it still his view essentially the government must spend its way out of the recession than attack the defici
huge jobs deficit and one that was growing, and a huge budget deficit and one that was growing. what he said is we absolutely have to attack both of those. on the jobs side, everybody knows you're never going to get your budget deficit under control if you don't get the economy growing again. that's why what he's talking about is not just government trying to get people working, it's the government helping to jump start the private sector. we know that's what has got to happen. on the fiscal...
197
197
Apr 18, 2010
04/10
by
WRC
tv
eye 197
favorite 0
quote 0
he's committed to bring the deficits down. he's outlined a very hard ambitious set of proposals that will cut our deficits by more than half a share of our economy over the next four years. he's convinced republicans to join on a bipartisan fiscal commission to make sure we can propose reforms, identify policies that take us back to where we were -- >> is it enough -- first of all, cutting taxesor 95% of americans. the bush tax cuts will expire. there are tax hikes included in health care reform. look -- >> health care reform is enormously important and will be enormously important and effective in helping bring down the long-term deficits. >> there's debate about even though that is certainly the assertion about how it was passed. >> again, in our country we turn to the independent analysts to make those judgments. this is why we have health care reform today, because the president wouldn't have it any other way, in their judgment health care reform will bring down long-term deficits dramatically overtime. >> why don't you ha
he's committed to bring the deficits down. he's outlined a very hard ambitious set of proposals that will cut our deficits by more than half a share of our economy over the next four years. he's convinced republicans to join on a bipartisan fiscal commission to make sure we can propose reforms, identify policies that take us back to where we were -- >> is it enough -- first of all, cutting taxesor 95% of americans. the bush tax cuts will expire. there are tax hikes included in health care...
125
125
Apr 18, 2011
04/11
by
WRC
tv
eye 125
favorite 0
quote 0
he says this -- "we will not be able to control our budget deficits without raising axes. president obama's speech wednesday lived up to that moment. now democrats and republicans in congress must take a similar stand. i told the truth in 1984 in my acceptance speech at the democratic national convention in san francisco. the budget will be squeezed, taxes will go up. it must be done. mr. reagan will raise taxes and so will i. he won't tell you. i just did. i lost the election, but i won the debate. reagan ended up increasing taxes in 1984, '85, '86, and '87 to mend the budget and tax systems." do taxes have to go up to resolve the debt? >> no, and with respect to mr. month dale, that conversation won't go over any better now than in '84. >> but reagan did it at one point. >> you can't raise taxes, particularly in this economy, without hurting jobs and economic growth, and we desperately need those things. whether you're in favor of bolstering national security on the one hand or shoring up entitlements on the other hand, you need the revenue that can fund those programs,
he says this -- "we will not be able to control our budget deficits without raising axes. president obama's speech wednesday lived up to that moment. now democrats and republicans in congress must take a similar stand. i told the truth in 1984 in my acceptance speech at the democratic national convention in san francisco. the budget will be squeezed, taxes will go up. it must be done. mr. reagan will raise taxes and so will i. he won't tell you. i just did. i lost the election, but i won...
86
86
Jul 25, 2010
07/10
by
WRC
tv
eye 86
favorite 0
quote 0
this will add to the deficit. why was it important then to make sure it was paid for then but not now? >> this is a responsible way to do it. my job is to help make sure we can borrow to finance the obligations congress gives us. it's a prudent, responsible way given the scale of the emergency, the scale of the damage still facing america, that we finance these additional support for the unemployed and the support for small business. we want to do it in an overall fiscally responsible way. as you know the president proposed a series of measures that would cut our deficit in half over the next several years. that's important for future growth. we'll make sure we get that balance right. >> it was important to be paid for then but not now. >> we can afford to do it this way. i'm completely confident we can. if you look again a what we pay to borrow now, we have very low interest rates in the country because people around the world and americans have a lot of confidence in our capacity as a country to make sure we man
this will add to the deficit. why was it important then to make sure it was paid for then but not now? >> this is a responsible way to do it. my job is to help make sure we can borrow to finance the obligations congress gives us. it's a prudent, responsible way given the scale of the emergency, the scale of the damage still facing america, that we finance these additional support for the unemployed and the support for small business. we want to do it in an overall fiscally responsible...
169
169
Feb 28, 2011
02/11
by
WRC
tv
eye 169
favorite 0
quote 0
in fact, we're facing a $3.6 billion deficit. like nearly every other state across the country, we're going to have to cut more than $1 billion from our schools and local governments in new york and california where there are democrats for governors, they're doing that the difference is with this budget repair bill, we give those schools and local governments, almost $1.5 billion worth of savings. so the savings they get from our budget repair bill would seed the amount that -- >> let me be clear, if the unions, who it seems to me have been clear in saying that they would agree to those extra contributions, if they did that, and you say you're concerned about the budget shortfall, why not accept that? >> but my point is, they can't. because they, the two people that suggested are statewide union leaders. there are 1,000-plus municipalities, more than 424 school districts, 72 counties, i know, i used to be a county executive for eight years. i know that collective bargaining has to be done in every jurisdiction. they can't guarant
in fact, we're facing a $3.6 billion deficit. like nearly every other state across the country, we're going to have to cut more than $1 billion from our schools and local governments in new york and california where there are democrats for governors, they're doing that the difference is with this budget repair bill, we give those schools and local governments, almost $1.5 billion worth of savings. so the savings they get from our budget repair bill would seed the amount that -- >> let me...
101
101
Jul 31, 2011
07/11
by
WRC
tv
eye 101
favorite 0
quote 0
has washington's attempt to come up with a deficit-cutting deal exposed a deficit of leadership in washington? our roundtable weighs in. nbc's tom brokaw, former governor jennifer granholm, cnbc's jim cramer, and tea party-backed congressman raul labrador. but when she got asthma, all i could do was worry ! specialists, lots of doctors, lots of advice... and my hands were full. i couldn't sort through it all. with unitedhealthcare, it's different. we have access to great specialists, and our pediatrician gets all the information. everyone works as a team. and i only need to talk to one person about her care. we're more than 78,000 people looking out for 70 million americans. that's health in numbers. unitedhealthcare. man: everybody knows you should save for retirement, but what happens when you're about to retire? woman: how do you go from saving to spending? fidelity helped us get to thiss point, and now we're tal about what comes next. man: we worked together to create a plan to help our money last. woman: so we can have the kind of retirement we want. now, you know how this works. just st
has washington's attempt to come up with a deficit-cutting deal exposed a deficit of leadership in washington? our roundtable weighs in. nbc's tom brokaw, former governor jennifer granholm, cnbc's jim cramer, and tea party-backed congressman raul labrador. but when she got asthma, all i could do was worry ! specialists, lots of doctors, lots of advice... and my hands were full. i couldn't sort through it all. with unitedhealthcare, it's different. we have access to great specialists, and our...
90
90
tv
eye 90
favorite 0
quote 0
the fact is, the deficit is still too high. and we're still investing too little in the things that we need for the economy to grow as fast as it should. that tea w that's why speak eer boehner ani tried to put the country on a path to paying down its debt and putting americans back to work, and education and job training. unfortunately, there just wasn't enough support or time for that kind of large agreement in a lame-duck session of congress. and that failure comes with a cost. as the the messy nature of the process over the past several week has made business more uncertain and consumers less confident. but, we are continuing to chip away at this problem. step by step. last year i signed into law $1.7 trillion in deficit reduction. tonight's agreement further reduces the deficit by raising $620 billion in revenue from the wealthiest households in america. and there will be more deficit reduction as congress decide to what to do about the automatic spending cuts that we have now delayed for two months. i want to make this po
the fact is, the deficit is still too high. and we're still investing too little in the things that we need for the economy to grow as fast as it should. that tea w that's why speak eer boehner ani tried to put the country on a path to paying down its debt and putting americans back to work, and education and job training. unfortunately, there just wasn't enough support or time for that kind of large agreement in a lame-duck session of congress. and that failure comes with a cost. as the the...
279
279
tv
eye 279
favorite 0
quote 0
deficit commission could be a key part of that strategy. i think it is very helpful, especially when you talked about, beginning to build a cast for value-added tax. chris: do young voters care about this? we have two big white house correspondents. why is barack obama not doing the big presidential press conferences, the kinds that presidents do in the east room. surprisingly, richard nixon reportedly liked the chance to jousting with the press. here he is. >> if you are a lawyer and given the state of the situation and what you do, could you give us some reason why the american people shouldn't believe that that was at least a subtle attempt to bribe the judge in that case and gave at least the appearance of a lack of moral leadership. >> the only part of your statement that perhaps is accurate is a lawyer. [laughter] chris: ronald reagan loved romancing the tv cameras. >> the stock market is going down and some say we will be in a recession perhaps this fall. do you think we are headed for a recession? >> i didn't think anyone would get
deficit commission could be a key part of that strategy. i think it is very helpful, especially when you talked about, beginning to build a cast for value-added tax. chris: do young voters care about this? we have two big white house correspondents. why is barack obama not doing the big presidential press conferences, the kinds that presidents do in the east room. surprisingly, richard nixon reportedly liked the chance to jousting with the press. here he is. >> if you are a lawyer and...
149
149
tv
eye 149
favorite 0
quote 0
any additional dollar to the deficit, # 100 billion, where are you on this? >> so, i'm willing to accept the realities of where we are, and that is that we have a policy base in other words, taxes, kind of like the dot fix, you know, we kept making up the fact that this was going to change. i'm willing to accept current policy, number one, i think that's rational. and i'm willing to accept a reasonable score on dynamic growth. a reasonable score on dynamic growth. joint tax does those, other groups that do it, but if it looks like to me, chuck, we're adding one penny to the deficit, i okay. i'm sorry. it is the greatest threat to our nation. the greatest throat our nation. it's like, chuck, we've entered a party atmosphere here, everybody was a fiscal hawk, kind of, not really, but kind of up until the election, now it's, now it's like there's a party going on up here. okay. heck with revenue, heck with the, you know, constraining spending, so yes, i will remain a deficit hawk until i leave here. and i'm looking so forward to this tax reform debate because th
any additional dollar to the deficit, # 100 billion, where are you on this? >> so, i'm willing to accept the realities of where we are, and that is that we have a policy base in other words, taxes, kind of like the dot fix, you know, we kept making up the fact that this was going to change. i'm willing to accept current policy, number one, i think that's rational. and i'm willing to accept a reasonable score on dynamic growth. a reasonable score on dynamic growth. joint tax does those,...
114
114
tv
eye 114
favorite 0
quote 0
he can't spend more without driving up deficits and debt. he can't cut taxes without doing the same. the fed can't cut rates lower. what is the president to do? and the grifters, why are people obsessed with getting on tv that they'll vial hate national security to grab the wisp of fame. >> i'm chris matthews, welcome to the show. katty kay is here and john heilemann and gloria borger is from cnn and michael duffy is from "time" magazine. first up, the week started with what commanders can do. he declared thousands of soldiers and billions will go to ramp up the war. >> as commander in chief, i determined it is our vital national interest to send an additional 30,000 troops to afghanistan. >> the unemployment rate went down suitly. it is a drag on the presidency. he can't order up new jobs. a president has only a few tools when it comes to fixing the american economy. eisenhower used an act to end a steel strike. >> i'm getting sick and tired of the apparent impasse in the settlement of this matter. and i think so are the american people. i
he can't spend more without driving up deficits and debt. he can't cut taxes without doing the same. the fed can't cut rates lower. what is the president to do? and the grifters, why are people obsessed with getting on tv that they'll vial hate national security to grab the wisp of fame. >> i'm chris matthews, welcome to the show. katty kay is here and john heilemann and gloria borger is from cnn and michael duffy is from "time" magazine. first up, the week started with what...
282
282
tv
eye 282
favorite 0
quote 0
we take a look at the deficits and say we've got to cut. we should stop and say, what do we need to keep this country going? whether it's education or research or defense or a variety of other services. these are the services we absolutely need if we're going to keep america, the great country that it is and the land of opportunity. then try to find out what it's going to cost to do it efficiently and then go and have a debate about how you raise the money. you can spend less, you can get more coming in, but you don't start with -- there's nothing magical about deficit as opposed to making sure the streets are safe. there's nothing magical about a deficit as making sure we're protected from terrorists. there is nothing magical in the deficit in the context of if we don't educate our kids, they don't have a future and we don't have a tax base down the road. so we're all looking at this the wrong way. the debate should be whether or not government should provide this kind of education, that kind of education, this kind of defense policy, that
we take a look at the deficits and say we've got to cut. we should stop and say, what do we need to keep this country going? whether it's education or research or defense or a variety of other services. these are the services we absolutely need if we're going to keep america, the great country that it is and the land of opportunity. then try to find out what it's going to cost to do it efficiently and then go and have a debate about how you raise the money. you can spend less, you can get more...
107
107
Sep 16, 2012
09/12
by
WRC
tv
eye 107
favorite 0
quote 0
>> basically what we want to do, reduce the deficit by $4 trillion. we didn't make up $4 trillion because the number four bus passed us on the street. it is the minimum amount you need, not the maximum or the ideal amount. it's the minimum amount to stabilize the debt and get it on a downward path as a pars of gdp. we got 3 trillion from reducing spending and 1 trillion from reforming the tax code, eliminating this backdoor spending in the tax code and using about 90% of that money to reduce income tax rates. >> all tax rates would come down. people would pay less taxes. >> people would have lower tax rates. people wouldn't necessarily pay less taxes. >> they would pay more by eliminating deductions and other loopholes and what not. >> deductions, credits, special deals cut with various members of congress. >> i interviewed governor romney and made it clear to him, he wants to extend the bush tax cuts and cut 20% beyond that and increase defense spending and rejected a 10-1 spending cut to tax hike ratio. you made it clear his math doesn't add up, he
>> basically what we want to do, reduce the deficit by $4 trillion. we didn't make up $4 trillion because the number four bus passed us on the street. it is the minimum amount you need, not the maximum or the ideal amount. it's the minimum amount to stabilize the debt and get it on a downward path as a pars of gdp. we got 3 trillion from reducing spending and 1 trillion from reforming the tax code, eliminating this backdoor spending in the tax code and using about 90% of that money to...
397
397
tv
eye 397
favorite 0
quote 0
eye-popping deficit numbers that have put the u.s. in some unchartered waters when it comes to borrowing and paying it back. our senior investigative correspondent lisa myers has the first of two reports tonight on what could be a nasty future shock for what we've always come to know as the american way of life. >> so we can get some of their money back over here. >> reporter: for decades, politicians have sounded the alarm about red ink. >> our national debt is approaching $1 trillion. >> permanent deficit spending must come to an end. >> reporter: today the situation is much worse. this year's deficit alone is projected at a staggering $1.6 trillion. the national debt has soared to $12 trillion, about $40,000 for every american. and look at this chart, debt is a percentage of our total economic output. it's now 40% of our economy, and driven by skyrocketing spending, more than doubled in just eight years. >> there's such a thing as going on a binge and we've been on a binge in our personal lives d the way we've borrowed, overborrowe
eye-popping deficit numbers that have put the u.s. in some unchartered waters when it comes to borrowing and paying it back. our senior investigative correspondent lisa myers has the first of two reports tonight on what could be a nasty future shock for what we've always come to know as the american way of life. >> so we can get some of their money back over here. >> reporter: for decades, politicians have sounded the alarm about red ink. >> our national debt is approaching $1...
124
124
Sep 13, 2009
09/09
by
WRC
tv
eye 124
favorite 0
quote 0
he will not sign a bill that adds to the deficit. he walked into the white house and inherited a $1 trillion-plus deficit from the republican administration because they had fought a war in iraq they didn't pay for, they gave tax breaks to the wealthy they didn't pay for and had a prescription drug program under medicare they didn't pay for. this president said that's over and members of congress should take that seriously. i disagree with "the washington post." the fact is under medicare now we are providing multi-billion dollar subsidies for manager called medicare advantage. the health insurance companies said to us, let us run medicare. we can show you how the government is not doing it efficiently. we can do it at a lower cost. guess what? it's not at a lower cost. we are subsidizing private health insurance companies to provide the medicare benefits we can provide at a lower cost. that has to change. that subsidy has to end. that is the kind of savings that can come back into the system to help small businesses to provide healt
he will not sign a bill that adds to the deficit. he walked into the white house and inherited a $1 trillion-plus deficit from the republican administration because they had fought a war in iraq they didn't pay for, they gave tax breaks to the wealthy they didn't pay for and had a prescription drug program under medicare they didn't pay for. this president said that's over and members of congress should take that seriously. i disagree with "the washington post." the fact is under...
105
105
tv
eye 105
favorite 0
quote 0
say you want to reduce the deficit. this reduces it by, you know, $1 trillion over the next 20 years. i'm the only one who has put that plan out there. he goes after individual republicans. mitt romney has a john kerry problem. so let me get this straight, you were before it, before you were against it, that sort of thing. and, you know, he -- and then he says, if you've got an idea, i'm willing to it talk about it. >> all right. we're going to leave it there. thank you both very much. be sure to visit our website this afternoon to watch our take two web extra with david brooks and read an excerpt of his new book, "the social animal." ♪ [ male announcer ] imagination. its supply is limitless. its power is beyond measure. imagination carries us into the future... and helps doctors see what they couldn't before. it provides funding so that solutions beyond our grasp... become within reach. ecomagination. healthymagination. capital. imagination at work. makes anything... everything... possible. ♪ ♪ - if you get yours
say you want to reduce the deficit. this reduces it by, you know, $1 trillion over the next 20 years. i'm the only one who has put that plan out there. he goes after individual republicans. mitt romney has a john kerry problem. so let me get this straight, you were before it, before you were against it, that sort of thing. and, you know, he -- and then he says, if you've got an idea, i'm willing to it talk about it. >> all right. we're going to leave it there. thank you both very much. be...
180
180
Jul 22, 2011
07/11
by
WRC
tv
eye 180
favorite 0
quote 0
we have now put forward a package that would significantly cut deficits and debt. it would be the biggest debt reduction package that we have seen in a very long time. and it's accomplished without raising individual tax rates. it's accomplished in a way that's compatible with the no tax pledge that a whole bunch of these folks signed on to, because we were mindful that they had boxed themselves in. and we tried to find a way for them to generate revenues in a way that did not put them in a bad spot. and so the question is, what can you say yes to? now, if their only answer is what they have presented, which is a package that would effectively require massive cuts to social security, to medicare, to domestic spending, with no revenues whatsoever, not asking anything from the wealthiest in this country or corporations that have been making record profits, if that's their only answer, then it's going to be pretty difficult for us to figure out where to go. because the fact of the matter is, that's what the american people are looking for, is some compromise. some wil
we have now put forward a package that would significantly cut deficits and debt. it would be the biggest debt reduction package that we have seen in a very long time. and it's accomplished without raising individual tax rates. it's accomplished in a way that's compatible with the no tax pledge that a whole bunch of these folks signed on to, because we were mindful that they had boxed themselves in. and we tried to find a way for them to generate revenues in a way that did not put them in a bad...
121
121
Nov 11, 2010
11/10
by
WRC
tv
eye 121
favorite 0
quote 0
. >>> in washington, the unwelcome task is being faced of slashing the budget deficit. among proposals, tax hikes, medicare cuts and raising the retirement age. kristin dahlgren has more from us live. >> good morning, veronica, cuts in taxes increases, a couple of controversial proposals by this so-called deficit commission, nowochairs unveiled the ideas yesterday to bring $4 trillion in deficit deductions by 2020. they called debt a cancer that needs to be fixed. the proposals were immediately attacked by both the left and the right in washington. speer pelosi calling them unacceptable. from korea, president obama urged critics to learn more about the proposals, he said, quote, we have to be straight with the american people and tough choices may be needed. but the proposals may not survive their own commissi. 14 of the 18 commissioners need to approve them prosecute they're sent to congress for a vote. some say that could be unlikely. the cochairs anowledged that all proposals may not fly, perhaps a bit of shock therapy to show the american public just how serious the
. >>> in washington, the unwelcome task is being faced of slashing the budget deficit. among proposals, tax hikes, medicare cuts and raising the retirement age. kristin dahlgren has more from us live. >> good morning, veronica, cuts in taxes increases, a couple of controversial proposals by this so-called deficit commission, nowochairs unveiled the ideas yesterday to bring $4 trillion in deficit deductions by 2020. they called debt a cancer that needs to be fixed. the proposals...
95
95
Aug 22, 2010
08/10
by
WRC
tv
eye 95
favorite 0
quote 0
number two, the president appointed a deficit reduction commission. this is not going to be your typical commission. it's going to issue a report, sit on the shelf and gather dust. i put three members on it. very responsible members. john boehner put three members on it. we expect them to send up a recommendation no later than december of this year to deal with our long-term debt problem and we do know that we have a serious long-term debt problem unfunded liabilities related to social security, medicare, medicaid. i don't think we make what they're doing a political football. we'll wait for their report. if it's a responsible report that i can support, i will encourage my members to support it and the president will do the same thing. we could before the end of this calendar year actually have a significant impact on our long-term debt problem. >> why is it that you need a democratic president's commission on cutting the deficit to figure out what it is as republicans you think should be cut from federal spending? >> i don't think that it ought to be
number two, the president appointed a deficit reduction commission. this is not going to be your typical commission. it's going to issue a report, sit on the shelf and gather dust. i put three members on it. very responsible members. john boehner put three members on it. we expect them to send up a recommendation no later than december of this year to deal with our long-term debt problem and we do know that we have a serious long-term debt problem unfunded liabilities related to social...
105
105
Jul 12, 2010
07/10
by
WRC
tv
eye 105
favorite 0
quote 0
they put that stuff on the deficit. $1.3 trillion sitting in a deficit when obama took over after the previous democratic president handed them a surplus. if republicans want to run as a fiscally responsible party, that's neat but not novel. >> i spoke to senior republicans this week in the party who said sometimes we're afraid we take the majority back because are we as republicans in a position to offer a policy for how to grow the economy? to offer real policy to create jobs? there's a lot of fear out there that they don't have great alternatives at the moment to be able to do that. >> i agree with that. i'm scared myself. you look at what's happened in britain. the conservative party took over after a long period out of power. they have a real austerity program. they are putting the country in much worse debt shape than us on a long-term path to fiscal sanity. i'm not sure the republicans are ready there. i'm nervous about that. the question people will ask is what is president obama offering and are we satisfied with that? they're not getting that. to me the big picture is if lar
they put that stuff on the deficit. $1.3 trillion sitting in a deficit when obama took over after the previous democratic president handed them a surplus. if republicans want to run as a fiscally responsible party, that's neat but not novel. >> i spoke to senior republicans this week in the party who said sometimes we're afraid we take the majority back because are we as republicans in a position to offer a policy for how to grow the economy? to offer real policy to create jobs? there's a...